SIACOIN PRICE - CHART
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With a Market Capital of approx $344 million and Ranked No. 20 in the Crypto Currency Market SIACOIN has seen a phenomenal rise in the last few weeks after our BUY Alert Signal was raised at the beginning of May.
With such an explosive rise in the price witnessed in the last few weeks we currently have a HOLD recommendation on SIACOIN and will see how the technicals play out over the next few weeks.
Thanks again for reading.
Stephen
Shared on twitter. Stephen
What do you think about Storjicoin it has the same concept and potential but a lower market cap???
Storj uses GPL license and a lot of commerical application developers won't want to use GPL.
Thanks for sharing this information ! Gotta keep an eye on siacoin from now on :)
I do have some sia. Do you think it's an undervalued coin? I'd expect it to be much higher in price myself, but that's not on factual information.
So I'm curious on what you all think about the coin.
Cheers .
Excellent analysis. I'm mining some SiaCoin :-)
Have you invested in Sia Coin Stephen?
Most currencies seem like it is best to buy and old at these market prices.
There is going to be another market boom sometime soon
Really it is great! Thanks for sharing..
I bought when it was around 700 santhosi and it has gone miserably down. Yes i am still holding it, hoping for it to cross 1000 mark..
It will smash 1000 Satoshis and beyond.
Thanks Stephen! I missed out on this one. haha
Wow. that is impressive. the coin price early this year was very low about $0.0004.
Should we get in to siacoin at this moment?
Thank you for this @stephenkendal i am a miner of Sia and this was very usefull 🍾🙂
Resteem
I have about 10% of my position in Siacoin right now and expect it to have a decent jump in the short term. Anyways, just my 2 cents...
I have been mining it for fun, for the past several weeks. I like the price increase as it has made it worthwhile.
Got in on this coin when it was under 100 satoshis. In hindsight, I should have bought a lot more!
I am really interested in Siacoin because it is tied to providing a real world solution. However, when reading into this coin I discovered that there are some serious problems with usability. This mostly concerns the fact that loading up the software until the point that the user can obtain a price of storing files (a 'contract') can take up to 45 minutes. Guys, I am getting annoyed at my computer already when not responding in 1 second. So I find this a very serious concern.
2nd, I have asked around and read through the documentation on the Siacoin website/wiki, but could not find anywhere how the pricing is established. Is this a free market based on supply/demand or a fixed amount of tokens or what? Without understanding this, it is impossible to get a feeling on who price will develop should the use of Siacoin spread over time.
3rd, all 'payments' will be done in Siacoin. I do not see an option to pay in other cryptocurrency (like Bitcoin). This makes the process for an average user more complicated:
instead of:
I am not sure whether support for other cryptocurrencies is being considered.
All in all, Siacoin holds big promises, but it is not there yet for me to invest in it. This may be reflected in the current low prices.
THANK YOU
To be honest, I invested in some siacoin and yet I know nothing about it (I know silly).
I've been thinking of selling, But with your guy's tip I think I'll hold for a while. Thank you for this! I'm not too experienced with this crypto trading yet so it's helpful.